November 17, 2021
Markets

Dow Jones Futures: Covid Fears Shake Up Market Rally; Facebook Tops $1 Trillion; Tesla Rival Nio Flashes Buy Signal

Dow Jones futures tilted lower Monday night, along with S&P 500 futures and Nasdaq futures, with banks in focus overnight. The Nasdaq hit a new high in Monday’s stock market rally, fueled by Facebook (FB) and coronavirus plays. But the Dow Jones lagged as energy, mining, financial and travel stocks slumped as Delta coronavirus cases increase.




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Meanwhile, Morgan Stanley (MS), Goldman Sachs (GS) and Jefferies (JEF) headlined key bank movers on news overnight.

Key Market Rally Movers

In Monday’s session, Zebra Technologies (ZBRA) broke out of a base, while Etsy (ETSY), Applied Materials (AMAT) and Progyny (PGNY) cleared early buy points. Nio (NIO) moved above a very aggressive entry.

The stock market rally was split Monday. The Nasdaq rallied on a Facebook antitrust win, positive chip industry news, surging gene-editing stocks such as Intellia Therapeutics (NTLA) as well as a…

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